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>> the best way to play china would be the etf. it's a proxy for the market, but that's because the others out there, you know, they have a lot more of a spread because it's harder to trade the stocks so, you know, the size would trade closer to the index, probably one of the sharper investors, etfs for investors. liz: bruno, the best idea with the fiscal cliff, you believe the cuts kicking in january 1 # #st, something will happen, there will be a deal. that said, where do you advise people to put your money? >> a generational opportunity with the energy or in the sense that's happening right here in the u.s.. we are going to see tremendous growth from a number of companies particularly on the exploration and production space, and specifically around a fiscal cliff creating short term opportunity with limited partnerships, or mlps, the backbone of a lot of the infrastructure that's being built around the energy in a sense that we're seeing, and we'll see it for years to come, and so a lot of opportunities with a lot of opportuniti
>> the best way to play china would be the etf. it's a proxy for the market, but that's because the others out there, you know, they have a lot more of a spread because it's harder to trade the stocks so, you know, the size would trade closer to the index, probably one of the sharper investors, etfs for investors. liz: bruno, the best idea with the fiscal cliff, you believe the cuts kicking in january 1 # #st, something will happen, there will be a deal. that said, where do you advise...
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how is china doing? >> we are actually doing the best. just look at china. the chinese economy is actually not doing that well. there are a lot of complex. the new party just took over the control. there are a lot of things to figure out. the u.s. is in the best condition right now. we have to get past this fiscal cliff and move on. connell: we probably would be talking a lot more about china and the transition of power and how president obama is supposed to do without. when you say there are economy is not doing that great, does that mean it is in jeopardy of a tough all, or it will hang in there? >> i think it will hang in there. china, i think, will grow. reasonably, i have seen some analysts come out and be pretty bullish. their economy, the outlook is willing not that bright. although, they probably will not fall hard. china is sort of setting their status quo. i think the u.s., again, back to the u.s., they have to get their act together. connell: a few days after the end of the year. that is just silly, if you think about it. if we all know the answer
how is china doing? >> we are actually doing the best. just look at china. the chinese economy is actually not doing that well. there are a lot of complex. the new party just took over the control. there are a lot of things to figure out. the u.s. is in the best condition right now. we have to get past this fiscal cliff and move on. connell: we probably would be talking a lot more about china and the transition of power and how president obama is supposed to do without. when you say there...
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and china is now the largest polluter. but that makes it very difficult for the united states to come into these meetings and tell china and india, "you're the biggest polluter now. you need to cut your emissions." >> ifill: when they haven't done the same thing. does that mean that these other nations are sitting back and waiting for the u.s. to do something? is it another one of these stand offs. >> it's kind of like a game of chicken. both sides well, you know, i'll commit to something if i see that you are already doing something at home. china is interesting because they are the world's largest carbon polluter right now. but the new chinese parliament is sending a lot of signals that they intend to cut back, that they're actually going to cut back on their carbon emissions. we see them talking about caps on energy intensity, caps on carbon pollution. they're still a big polluter but they are taking action. right now ironically they're probably taking more action than the united states. >> ifill: you cover these issues
and china is now the largest polluter. but that makes it very difficult for the united states to come into these meetings and tell china and india, "you're the biggest polluter now. you need to cut your emissions." >> ifill: when they haven't done the same thing. does that mean that these other nations are sitting back and waiting for the u.s. to do something? is it another one of these stand offs. >> it's kind of like a game of chicken. both sides well, you know, i'll...
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now there are also, i think, signs that for russia and china, i think they would be prepared, possibly, to look at a way you could manage an outcome of this, so that you get some form of agreement that -- >> provide asylum, we're getting him out -- >> -- but for the rest of the world, such are the consequences of this disintegration are happening, most people look at any reason to get him out, get a new form of democratic constitution in, and then try and stabilize the situation. >> i'm going to make a very sharp turn to talk about something much more joyful, which is the news of the oil baby, whose birth is impending. we know that catherine is in the hospital now. what is the -- what's it like in, in london, in great britain, with this kind of news? people must just be going insane. >> well, you know, britain loves the royal family. so, and people are very happy, very joyful. they're a very popular young couple and this is great news for them. and you know, also, really actually, when the economy is a little tough, and when times are a little tough, this is news that cheers everyone u
now there are also, i think, signs that for russia and china, i think they would be prepared, possibly, to look at a way you could manage an outcome of this, so that you get some form of agreement that -- >> provide asylum, we're getting him out -- >> -- but for the rest of the world, such are the consequences of this disintegration are happening, most people look at any reason to get him out, get a new form of democratic constitution in, and then try and stabilize the situation....
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there's a lot of problems out in the world and you know, raw materials depend a lot on china. we don't buy a lot of commodity companies. technology we go -- we go case-by-case and sec particular trends that worry people a lot and have maybe made some of those cheap. microsoft at 26 is a wonderful cash-generating battleship that is not going to be made obsolete by ipads. by ipads, indeed. wally, thank you. women leave it there appreciate it. >> thanks a lot. >> ty, to you. >> sue, 27 days to go until the fiscal cliff deadline and new data out showing one sector is pulling back their investments amid the uncertainty. phil lebeau in chicago with the story. phil? >> talking about business owners flat-out spooked about the economy, about the fiscal cliff and about whether or not there's going to be any certainty any time soon. we will explain and have the latest numbers coming up on "power lunch." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male ann
there's a lot of problems out in the world and you know, raw materials depend a lot on china. we don't buy a lot of commodity companies. technology we go -- we go case-by-case and sec particular trends that worry people a lot and have maybe made some of those cheap. microsoft at 26 is a wonderful cash-generating battleship that is not going to be made obsolete by ipads. by ipads, indeed. wally, thank you. women leave it there appreciate it. >> thanks a lot. >> ty, to you. >>...
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is china your best bet in 2013? joining us is chief china equity strategist at goldman sachs. always great to speak with you. >> those pmi numbers seven-month high. fourth month gain. it is the longest streak in more than a year for the chinese currency and the stock market lowest level since 2009. what is telling the true story? >> well, i think obviously we are seeing pretty reasewassurin cyclical signs and the market is reacting more. there has been a big divergence in terms of performance. the reason the asian market is not turning so much is because it is less correlated to the global market. and secondly i think it is just not only focusing on structural reform issues more but more bearish on the cyclical outlook. those are probably some of the key differences. we think that tha asia market guys are a little too bearish on the cyclical and reform side. we think that 2013 returns will be a little higher for a versus for h. >> you have introduced with your most recent note at the end of november a reform basket of stocks. can you walk us through what that means? >> over th
is china your best bet in 2013? joining us is chief china equity strategist at goldman sachs. always great to speak with you. >> those pmi numbers seven-month high. fourth month gain. it is the longest streak in more than a year for the chinese currency and the stock market lowest level since 2009. what is telling the true story? >> well, i think obviously we are seeing pretty reasewassurin cyclical signs and the market is reacting more. there has been a big divergence in terms of...
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it is quite cumbersome for both china and elsewhere in the globe, melissa. when it comes down here who owns the mineral rights. here in the united states a greater segment of the market owns the mineral rights. for example here in nnsylvania, marcellus shale, landowners get to share in the profits of fracking that is going on. you don't have that elsewhere. you have greater government ownership of mineral rights. this is the government we're talking about. so it is cumbersome, it is expensive in the form of both taxes and royalalty regime. in the case of a situation like argentina which nationalized its gas companies, you have the issue of attracting outside investors at this point. melissa: well, i don't understand. if the government owns the mineral rights why don't they want to develop it? it would be revenue for them and every government needs money to spend? >> well, indeed. now when you have a case like the united states, it's a matter where your ideology runs down to. the state of north dark has tremendous resources taking advantage of it has 3.1% of
it is quite cumbersome for both china and elsewhere in the globe, melissa. when it comes down here who owns the mineral rights. here in the united states a greater segment of the market owns the mineral rights. for example here in nnsylvania, marcellus shale, landowners get to share in the profits of fracking that is going on. you don't have that elsewhere. you have greater government ownership of mineral rights. this is the government we're talking about. so it is cumbersome, it is expensive...
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but, i think before you put down the kind of change you are talking about you better be dam sure that china mat change and there has been a warming up, what is open for ample and considerable debate is whether man is to blame for that and to then punish companies to then pay for a problem they may not be responsible for, in a dicey economic recovery globally, if that is what you call it, you are adding nonsense. >>guest: if we go back to the "old normal" the old normal was 1950s. we have had dramatic decrease in large or big tornadoes since the 1950's. hurricanes, dramatically down. drought, floods. the bottom line, they are even if we were talking about it, their solution is a carbon tax. their solution are e.p.a. regulations and a carbon tax is fund to be useful in addressing climate issues. however as the "washington post" notes in an editorial a few weeks ago it will "bring in serious money" $125 billion a year is what washington is drooling over at the moment. if they can use sandy and exploit the victims and tush science on its head and try to claim that global warming caused sandy th
but, i think before you put down the kind of change you are talking about you better be dam sure that china mat change and there has been a warming up, what is open for ample and considerable debate is whether man is to blame for that and to then punish companies to then pay for a problem they may not be responsible for, in a dicey economic recovery globally, if that is what you call it, you are adding nonsense. >>guest: if we go back to the "old normal" the old normal was...
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emissions are down global emissions are up what he is saying and i know that china is not a political but what do you say to people in need in new jersey who lost their homes to hurricane sandy i say hurricanes happen for you even beyond that like this for you to even bring up hurricanes we're going the longest period without a major category three or larger hurricane making landfall since at least one thousand nine hundred eighty s. the one water hitting us are much bigger the atmosphere has fired listen to her and it's i think it is just a two thousand mile down on her i was going to tornadoes coming across they're not having the big tornadoes are down dramatically since the one nine hundred fifty s. your fifty's which are idolizing with the progressive eisenhower had much worse tornadoes then we could even contemplate a new study out on drought trend in droughts at least eighty five years new study out on the floods what are you talking about right now sixty years old around the stadium you get a drop target change in and out trends though if you go back far enough sure you can pic
emissions are down global emissions are up what he is saying and i know that china is not a political but what do you say to people in need in new jersey who lost their homes to hurricane sandy i say hurricanes happen for you even beyond that like this for you to even bring up hurricanes we're going the longest period without a major category three or larger hurricane making landfall since at least one thousand nine hundred eighty s. the one water hitting us are much bigger the atmosphere has...
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now the china and india doesn't have the specifics. we're the ones with the specifics. >> cenk: if he's negotiating with them like he is with boehner, perhaps even better. the republicans at the end of these letters at the beginning said we had a status quo election. i got bad news for you guys. you didn't. you lost. now thank you michael. when we come come back back, homeland, is it realistic? we have a form c.i.a. agent who will come on the prime minister program in just a minute and tell us other assessment and its surprisingly realistic, it turns out. >> what are you doing? [ choking ] >> you still don't get it, do you? >> cenk: well, if you don't, we're going to explain it in the next segment. then later on, park avenue, you think you know the whole story? no you don't. on the one side, the billionaires, and on the other side those who are doing poorly in the bronx. a great story about that, and a great movie about it. we'll talk to the director. >> using money to buy fancy cars private jets and mansions, they also use it to rig t
now the china and india doesn't have the specifics. we're the ones with the specifics. >> cenk: if he's negotiating with them like he is with boehner, perhaps even better. the republicans at the end of these letters at the beginning said we had a status quo election. i got bad news for you guys. you didn't. you lost. now thank you michael. when we come come back back, homeland, is it realistic? we have a form c.i.a. agent who will come on the prime minister program in just a minute and...
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you better get your un-american pig ass to china. >> pigbitch. >> stephanie: right. [ applause ] >> stephanie: so that's, you know, an ordinary day for me. how many all y'alls open your indexes and get stuff like that. >> not every day. >> stephanie: have you ever been called a pigbitch? >> never. >> you don't read your twitter feed either. >> stephanie: is that a problem? >> no. [♪ "world news tonight" theme ♪] >> stephanie: okay. i teased this, and then forgot to do it. you know what the latest obama conspiracy theory is? >> what? >> stephanie: that he is trying to get a third term. >> oh right. [♪ "world news tonight" theme ♪] >> stephanie: he'll need a third term to get the rest of your guns. >> oh. >> stephanie: quarter stands burry is now trying to cash in on some of the public's dislike of president obama. on monday over a listener previously devoted to newt gingrich's presidential campaign, he warned that president obama is secretly trying to seek a third term. [♪ mysterious music ♪] >> stephanie: he said the election was actually at steak was whether or not he will have a
you better get your un-american pig ass to china. >> pigbitch. >> stephanie: right. [ applause ] >> stephanie: so that's, you know, an ordinary day for me. how many all y'alls open your indexes and get stuff like that. >> not every day. >> stephanie: have you ever been called a pigbitch? >> never. >> you don't read your twitter feed either. >> stephanie: is that a problem? >> no. [♪ "world news tonight" theme ♪] >>...
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positive news out of china's pmi. i think the steel does start to rally. >> dr. j, baxter international with a drop r. >> i think long term, scott, a great decision to take out this swedish dialysis k short term, i think the stock could trend down to 62 or even 60 a share so aid hold off on it. >> and weiss garden, on sale today because it is down 10%, issuing promotions, right? >> deja vu all over again after yum last week. yum sales up better, discounted more, the virus not good. the most interesting thing out of their statement was that the ceo came out and said he is worried about the backlash from darden being very visible and cutting back their full-time workers less than 30 hours week so they don't have to pay for obama carism would say that is very, very interesting. watch for other companies to do it. otherwise the cost goes up for these food restaurant chains. >> a pop for puppies. many college students are looking for twice ease stress during final exams. one canadian university has gone to the dogs. starting today, dalhousie university in halifax, nov
positive news out of china's pmi. i think the steel does start to rally. >> dr. j, baxter international with a drop r. >> i think long term, scott, a great decision to take out this swedish dialysis k short term, i think the stock could trend down to 62 or even 60 a share so aid hold off on it. >> and weiss garden, on sale today because it is down 10%, issuing promotions, right? >> deja vu all over again after yum last week. yum sales up better, discounted more, the...
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we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can
we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in...
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accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer exists stole the election. wait until you see these stats. it's like jay walking with jay le leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups
accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer...
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today, there's four trillion people participating in the global economy, when you add china, india, others that have exniced prosperity comes from the private sector rm we've got the same antiquated tax system today that we had 20 years ago. we should be taking the opportunity to relook this thing and say, what does it take to be globally competitive today? yes, i was on the simpson bowles commission. some might think i like that proposal a lot, i did. i don't think it has to be exactly like that but i think there are some principles in there that are important. this idea of doing individual, corporate, cap gains do it all at the same time, makes sense. the territorial system for companies makes sense, with the right anti-abuse clauses so nothing screwy happens. that we he re-look all the deductions as we lock at simplifying the system because every deduction, while important to somebody, is a market distortion. and we ought to be looking at do, we want these market distortions at a time when our economy needs more flexibility to respond to a very globally different place than we had 20 ye
today, there's four trillion people participating in the global economy, when you add china, india, others that have exniced prosperity comes from the private sector rm we've got the same antiquated tax system today that we had 20 years ago. we should be taking the opportunity to relook this thing and say, what does it take to be globally competitive today? yes, i was on the simpson bowles commission. some might think i like that proposal a lot, i did. i don't think it has to be exactly like...
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. >> the red line, syria has two two -- [inaudible] where do syria people expect to go -- china, russia, support the assad's regime? >> we noted the opposition made gains, the assad continues to lose control over syria. it is no mystery that we were disappointed in the failure of the security council because of a lack of agreement by some members to take actionings through -- actions through the council with assad and work with our international partners to pressure assad and assist the people of syria and the opposition, that that work continues. >> represent china? >> i think i addressed that question. >> thank you, sir. >> john? >> thank you. the world's financial community is watching this fiscal cliff process closely with concern. the parties fail to reach a deal before jan -- january 1, what assurances do you have that america will not default on its debt? >> well, we addressed the issue of the debt ceiling, and the president's firm belief it is unconceivable that -- and unacceptable that leader in congress want to engage in brinksmanship witnessed in 20 # 11 on the issue of makin
. >> the red line, syria has two two -- [inaudible] where do syria people expect to go -- china, russia, support the assad's regime? >> we noted the opposition made gains, the assad continues to lose control over syria. it is no mystery that we were disappointed in the failure of the security council because of a lack of agreement by some members to take actionings through -- actions through the council with assad and work with our international partners to pressure assad and assist...
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china. >> today's news of the big four being challenged by the sec. china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks? >> it was just false fees. one piece of paper. >> and who ended up lining the pockets here? >> the money went to the cayman islands. so we'll a never know the truth. part of it was just to try to use off balance sheet vehicles to write them down. >> this former ceo, has he got cayman island accounts? >> i don't think there's any evidence of personal gain. no evidence of that. but last month in japan -- >> who was the owner of cayman island accounts? >> we'll never know all the truth. we'll never know all the truth unfortunately. but the
china. >> today's news of the big four being challenged by the sec. china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks?...
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he went to china instead. that was not a hardship post but it wasn't the grand lovely post that you get as the u.k. that residence there is beautiful. >> andrea: switch gears. talk about eck land and france. switch gears to go across the pond and talk about a headline says it's the nation's joy but a husband's nerves. kate expectations. the princess is pregnant. i know you are excited about the story. do you think we are obsessed with her as well? i can see why the british do it. is it too much? >> bob: yes. it's too much. i can look at her for a long time. the dude next to her is sort of ugly. outside of that. we're getting absorbed with. this sending anchors over to cover someone pregnant. what are they going to cover. >> andrea: they do it because it sells, right? people are interested. >> dana: in america, too. i subscribed a couple years ago to the hollywood magazines it. you can't open one for not buying a picture of her. i like to follow her as well. i'm happy for them. i definitely do not want to follo
he went to china instead. that was not a hardship post but it wasn't the grand lovely post that you get as the u.k. that residence there is beautiful. >> andrea: switch gears. talk about eck land and france. switch gears to go across the pond and talk about a headline says it's the nation's joy but a husband's nerves. kate expectations. the princess is pregnant. i know you are excited about the story. do you think we are obsessed with her as well? i can see why the british do it. is it...
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i have seen india and china when we went to china in 2004, maybe 2003, the period with an india and china was maybe $2 billion. it was a mango driven trade. today, i think this month the chinese prime minister promised to india we are going to talk 150 billion as the next horizon. this is without, without drawing on line issues but it is drawing on claims. so i think what asia is looking for is that we can have coalitions within each other without necessarily being get david to. now, it's a dangerous game but all games are dangerous, as kissinger made a lifetime career out of asia. but this is the way it is, and military power as a dominant element of strategy will not work. as a background element of strategy, yes. essential, important. it could have for the first time three years ago, there was a conference in which we discussed india and american cooperation in the pacific. never happened before. it doesn't mean that navies are going to march and conquer the items. but we are taking positions which are cooperative, which are dynamic, and which recognize that nations change, people chan
i have seen india and china when we went to china in 2004, maybe 2003, the period with an india and china was maybe $2 billion. it was a mango driven trade. today, i think this month the chinese prime minister promised to india we are going to talk 150 billion as the next horizon. this is without, without drawing on line issues but it is drawing on claims. so i think what asia is looking for is that we can have coalitions within each other without necessarily being get david to. now, it's a...
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china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the top 2%, it'll be 38%. some kind of compromise in the a area. the bad news and i've said this several times, the era of american austerity is beginning now and everybody is starting to realize that. the question is what's it going to look like? the good news is it's likely to be a gentle austerity, if i can say that, in 2013 and probably 2014 depending on the spending cuts. and there will be some cushion. the fed likely will continue its q/e program. they'll likely continue that during their meeting on december
china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the...
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now other nations, including near china and russia are urging the north koreans don't follow through with another launch. saying this would violate united nations security council restrictions. well, it's now early morning in egypt and the nation is bracing for a day of potentially enormous demonstrations against the president's recent power grab there protesters have been rallying against president mohammed morsi for two weeks ever since he granted himself near absolute authority. a few days ago. lawmakers who support morsi hastily drafted and then passed a brand new constitution that could strengthen his grip. keep in mind president morsi of egypt has a lot of followers. he won a democratic election earlier thisser i don't. he is effectively making himself a dictator and the fact point to exactly that today 11 of egypt's largest newspapers suspended all operations over upcoming referendum vote. steve harrigan live in cairo for us. steve? >> shepard, these opposition protesters behind me on tahrir square are calling for people to marchionne the presidential palace tomorrow. that rai
now other nations, including near china and russia are urging the north koreans don't follow through with another launch. saying this would violate united nations security council restrictions. well, it's now early morning in egypt and the nation is bracing for a day of potentially enormous demonstrations against the president's recent power grab there protesters have been rallying against president mohammed morsi for two weeks ever since he granted himself near absolute authority. a few days...
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if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it is just stupid. they should have done the tax cuts first and then see if they need to raise taxes. the more sound policy is to cut some savings first to even see if we have to raise taxes. host: here is the statement put out by the white house yesterday. it actually promises to lower rates for the wealthy and sticks the middle class with the bell. bill. susan in pennsylvania, a democratic caller. welcome to the conversation. caller: what i am thinking is the bush tax cuts or a huge disaster. why don't we simply ask everyone to pay back what they got in the bush tax cuts? we could giv
if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it...
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and the new regime is in china and stabbing of the regulation. tracy: it is like a vegas down there. all eyes are on the internet music service pandora whichh reports third quarter earnings after the bell today. dennis kneale tunes in now. law that. what is going on? dennis: wall street looking for torrid growth in sales when pandora reports today. profits not so much. wall street chief, pandora sailing at 6% according to $117 million. that is the good news but net income expected to drop 40% to $2 million. earnings per share could fall even more down 50%. the expectations are. pandora stock tumbled 4% last time i checked. maybe there's an upside surprise up 5% but stock down 50% since going public at $20 a share in june of last year and particularly wild ride. it is 12% after reporting upside results last quarter. what is the problem? some big guns may take aim at pandora's market. pandora and microsoft but also there is this. pandora pays a princely sum for music rights, performance fees and has a lot more than the other services. last year the
and the new regime is in china and stabbing of the regulation. tracy: it is like a vegas down there. all eyes are on the internet music service pandora whichh reports third quarter earnings after the bell today. dennis kneale tunes in now. law that. what is going on? dennis: wall street looking for torrid growth in sales when pandora reports today. profits not so much. wall street chief, pandora sailing at 6% according to $117 million. that is the good news but net income expected to drop 40%...
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china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to that casino in macau. i mean totally different from anything you will ever see on the strip in las vegas. i mean it is really really different. i will get to that a bit later. david: yeah, we're all interested in that story. stuart: i don't gamble. david: man oh man. [laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. p
china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for...
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we import far more product that europe and china. there's value to that. >> do the women that come to your shop immediately leave and go over to victoria's secret? [ laughter ] >> you know, it's a good argument. it's a good question. >> can you cook? >> yes, i can. i'm not a great cook. my wife's a great cook. but i'm a better cook today than i was seven years ago when i started. >> i like your store very much. thank you for coming. >> thank you very much. >> that's jack schwefel. >>> when you think of victoria's secret fashion show, you always think of the wings, right? right? >> no. >> we'll meet two of the angels from that famous runway who are hot, hot, hot, coming up next gk >>> some of the world's most beautiful women in the season's hottest lingerie will be onstage for tonight's annual victoria's secret fashion show. >> two victoria's secret angels are with us right now, adriana lima and alessandra ambrosio. hello, angels and welcome. >> hi. good morning. >> good morning. >> this is what i've always wanted to ask you guys beca
we import far more product that europe and china. there's value to that. >> do the women that come to your shop immediately leave and go over to victoria's secret? [ laughter ] >> you know, it's a good argument. it's a good question. >> can you cook? >> yes, i can. i'm not a great cook. my wife's a great cook. but i'm a better cook today than i was seven years ago when i started. >> i like your store very much. thank you for coming. >> thank you very much....
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if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds of other taxes. as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from
if they understood that the highway fund is running a deficit, and having to borrow from china to fix the reds, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds...
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china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hear your thoughts, your concerns and i want to be your voice in washington, d.c. i plan to represent 100% of this district and being a passionate voice for everybody. i hope i can sit down with everybody in d.c. and whether republican democrat, tea party or not. i want to hear their point of view. i imagine they'll disagree, but i hope this race in particular my defeat of allen w
china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the...